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The hidden costs of buying a new house
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By (user no longer on site) OP
over a year ago
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Ok I am one of the very lucky ones as in i am currently at the point of moving to a new home in the coming weeks and the selling current home but . My god the money that you have to spend on top of the price of the new home. Looking at 15k between fees either side of buying and selling engineer report and ber rating and not to mention stamp duty and other taxes no wonder kids starting out have such a slim start |
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By *ombikerMan
over a year ago
the right side of the river |
As for property tax, why should anyone be penalised for providing their own housing.
Maybe for a 2nd property but for your own house that you live in, seems a bit of a penalty for being a responsible hard working person. But you don’t pay much more if you live in a multi million mansion than for an average 3 bed in a normal suburb. |
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By *og-ManMan
over a year ago
somewhere |
"1%,and consider yourself lucky, was much higher on 2nd hand homes"
I've paid 50K in tax between my first house and my second when I moved
Its a killer and then the professional fee's on top
Don't know how people afford them now
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By (user no longer on site) OP
over a year ago
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Well im looking at engineer report on new house 2% fees on each plus vat from solicitor . 1 % stamp duty and 2 % plus vat for estate agent on sale of old house. Then property tax om both if sale is not completed inside the tax year |
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"Property tax, motor tax etc etc all goes onto the same blackhole.....came in during 'austerity' watch that space "
And electric gas prices being hiked again.. Like trying to get blood from a stone.. |
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I sold 3 properties at market rates without using an estate agent. Can someone explain to me how they justify the eye watering rates they charge for opening a house and not being able to answer buyers questions about it? They perform no legal function so Im lost. |
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"I sold 3 properties at market rates without using an estate agent. Can someone explain to me how they justify the eye watering rates they charge for opening a house and not being able to answer buyers questions about it? They perform no legal function so Im lost. "
Where did you advertise said properties?
Was there much paperwork involved?
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"I sold 3 properties at market rates without using an estate agent. Can someone explain to me how they justify the eye watering rates they charge for opening a house and not being able to answer buyers questions about it? They perform no legal function so Im lost.
Where did you advertise said properties?
Was there much paperwork involved?
Hi these were previous homes sold over the years. Just want to say Im not a property speculator. First was by word of mouth, second and third was ads in the paper but im sure you can advertise online now. No paperwork, be fair with a customer, dont be greedy, and engage a decent solicitor, do up a brochure yourself, keep the house in tip top shape and show it yourself. A lot of people think the estate agent performs some legal function, they dont. they can attract more potential buyers, that their only advantage. But when you look at their commission....!!!
"
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"I sold 3 properties at market rates without using an estate agent. Can someone explain to me how they justify the eye watering rates they charge for opening a house and not being able to answer buyers questions about it? They perform no legal function so Im lost.
Where did you advertise said properties?
Was there much paperwork involved?
Hi these were previous homes sold over the years. Just want to say Im not a property speculator. First was by word of mouth, second and third was ads in the paper but im sure you can advertise online now. No paperwork, be fair with a customer, dont be greedy, and engage a decent solicitor, do up a brochure yourself, keep the house in tip top shape and show it yourself. A lot of people think the estate agent performs some legal function, they dont. they can attract more potential buyers, that their only advantage. But when you look at their commission....!!!
"
Cheers for that.. I'm thinking about doing it myself  |
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By (user no longer on site)
over a year ago
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"Yeah they are thankfully. 1400tons of soil including the whole ground floor of the house too!!
Holy god....the very best of luck with that "
Yep three months and still waiting on diggers to start. Then 6+ months out of the house! |
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"Well im looking at engineer report on new house 2% fees on each plus vat from solicitor . 1 % stamp duty and 2 % plus vat for estate agent on sale of old house. Then property tax om both if sale is not completed inside the tax year"
Did you really got charged based on the value of the house? We had a different experience as the price was fixed for it and not in relation the price of the house.
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By (user no longer on site)
over a year ago
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"Try £400k repairs on a £285k house cause there has been a historic oil leak!!!
What happened? Is there an abandoned garage next to you? "
Dodgy heating oil tank and bad ground makeup. |
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